IFM Investors Pty Ltd raised its holdings in shares of ExxonMobil (NYSE:XOM) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,623 shares of the oil and gas company’s stock after buying an additional 5,558 shares during the period. ExxonMobil comprises approximately 1.6% of IFM Investors Pty Ltd’s portfolio, making the stock its 6th largest position. IFM Investors Pty Ltd’s holdings in ExxonMobil were worth $9,725,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management Advisors LLC grew its holdings in shares of ExxonMobil by 0.3% during the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after buying an additional 7 shares during the last quarter. C M Bidwell & Associates Ltd. grew its holdings in shares of ExxonMobil by 1.3% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 30 shares during the last quarter. Lehman Financial Resources Inc. grew its holdings in shares of ExxonMobil by 0.5% during the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 35 shares during the last quarter. Intellectus Partners LLC grew its holdings in shares of ExxonMobil by 0.7% during the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 41 shares during the last quarter. Finally, Bellwether Investment Group LLC grew its holdings in shares of ExxonMobil by 1.3% during the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 53.12% of the company’s stock.
A number of research firms have recently commented on XOM. Goldman Sachs reiterated a “neutral” rating and set a $96.00 price target on shares of ExxonMobil in a report on Thursday, February 1st. Wells Fargo set a $88.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Thursday, January 11th. Vetr upgraded shares of ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price on the stock in a report on Wednesday, December 13th. Barclays cut shares of ExxonMobil from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $91.00 to $84.00 in a report on Tuesday, February 6th. Finally, Bank of America set a $100.00 target price on shares of ExxonMobil and gave the stock a “buy” rating in a report on Wednesday, March 7th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $86.55.
XOM stock opened at $74.87 on Friday. ExxonMobil has a 12 month low of $72.15 and a 12 month high of $89.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market cap of $317,258.78, a P/E ratio of 20.86, a PEG ratio of 1.12 and a beta of 0.91.
ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The firm had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. ExxonMobil’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. research analysts expect that ExxonMobil will post 4.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.11%. ExxonMobil’s dividend payout ratio (DPR) is 85.79%.
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ExxonMobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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